The Peoples Democratic Party (PDP) has criticized the proposed 27.5 trillion naira budget for the 2024 fiscal year by President BOLA TINUBU to the National Assembly as deceitful.

In a statement signed by its National Publicity Secretary, DEBO OLOGUNAGBA, the PDP urged the National Assembly to reject the appropriation bill and argued that if allowed to pass, it would plunge the country into economic depression.

The PDP also described the claim by President TINUBU that the budget is a Budget of Renewed Hope as conjured, unfounded, and deceptive as the budget is completely devoid of concrete mechanisms to revive the economy, create jobs, address the comatose manufacturing and productive sectors, human capital development deficiencies and depleting life expectancy of Nigeria citizens.

The main opposition party stated that the 2024 budget is filled with heavily padded figures, duplicated items and several false statistics including claims of the global increase in inflation rate as an excuse for an impending excruciating increase in taxes and interest rates to the detriment of the productive sector.

According to the PDP, the 2024 budget which is predicated and expected to be funded from multilateral and bilateral foreign loans and increased taxes on Nigerians, is designed to further mortgage the nation and strangulate the already impoverished Nigerians.

The PDP maintained that the lack of concrete and verifiable action plans to revive the manufacturing, energy, agricultural and education sectors which are the main drivers of any economy is a pointer that the Tinubu-led APC government is bereft of ideas and completely disconnected from the reality of life being faced by Nigerians.